Does the construction of biogas plants affect local property values?

Marco Modica

Economics Letters, 2017, vol. 159, issue C, 169-172

Abstract: Although biogas is considered a renewable source of energy, the social acceptability of biogas plants is controversial due to resistance from local communities who are afraid of potential local negative externalities. This paper aims to investigate this claim, by means of a diff-in-diff model, using evidence from the housing market of Piedmont, where 167 biogas plants were opened between 2006 and 2015. The results show no significant impact of the opening of a biogas plant on housing values in neighboring areas.

Keywords: Urban housing market; Biogas plant; Undesirable facilities; Quasi-experiment (search for similar items in EconPapers)
JEL-codes: O18 Q42 Q51 R31 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:159:y:2017:i:c:p:169-172

DOI: 10.1016/j.econlet.2017.07.030

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